Unfortunately, I'd say trouble is an understatement, considering Fiat bought CaseIH for $55 a share and CNH is today worth $1.84. That is not a good outlook for the future. If things continue, CNH will be delisted on the NYSE.
Maybe I should go and trade some corn for stockIJ It's at a one to one trade, not much you can do with a bu. of corn these days. If it go's down more I just may buy some. I don't have any ideal why New Holland had to buy CIHIJ It was doing good all by itself. I guess the big guys know what there doingIJ Sometimes trying to be the biggest can be the downfall of a great many people. If the stock is cheap maybe they will have some good deals on new stuff to move it some and get some cashIJ Ilnh
lot's of rumors floating about lately, ehIJ Anyway you cut it, this drop in stock does not bode well with today's economyIJ Hate to see 'em go but, this is what usually happens when you try to over throw the big dogIJ Just look at all the seed companies that where going to run Pioneer out on it's taleIJ Disclaimer....I'm not a John Deere or Pioneer fan by any shape, just seen it too many times before! JD
I guess it don't bother me much, I not a big stock holder. I'm sure the company will do something soon to make it look better. I have been thur this stuff all my farming life, as a Oliver, White, Allis-Chalmers and Newholland owner. Somebody always makes something. If new combines and tractors take off and they get rid of the cars they may come out OK on this. Ilnh